Kohl’s Corp. (KSS) Posts Earnings Results
Kohl’s Corp. (NYSE:KSS) issued its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The company earned $4.33 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. Kohl’s Corp. updated its FY17 guidance to $3.80-4.00 EPS.
Kohl’s Corp. (NYSE:KSS) opened at 50.97 on Friday. Kohl’s Corp. has a 52-week low of $33.87 and a 52-week high of $52.91. The stock’s 50 day moving average price is $44.14 and its 200 day moving average price is $41.16. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.55 and a beta of 1.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.92%. Kohl’s Corp.’s payout ratio is currently 65.15%.
A number of brokerages have issued reports on KSS. OTR Global cut Kohl’s Corp. from a “mixed” rating to a “sell” rating in a report on Wednesday, November 2nd. Zacks Investment Research cut Kohl’s Corp. from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Cowen and Company reissued a “market perform” rating and set a $46.00 price objective on shares of Kohl’s Corp. in a report on Friday, October 21st. Guggenheim began coverage on Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Bank of America Corp. reissued a “buy” rating and set a $50.00 price objective on shares of Kohl’s Corp. in a report on Thursday, September 29th. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.17.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Kohl’s Corp. during the second quarter valued at $58,707,000. Hamlin Capital Management LLC acquired a new stake in Kohl’s Corp. during the third quarter valued at $57,296,000. Schroder Investment Management Group raised its stake in Kohl’s Corp. by 217.2% in the third quarter. Schroder Investment Management Group now owns 1,852,137 shares of the company’s stock valued at $81,031,000 after buying an additional 1,268,165 shares during the period. JPMorgan Chase & Co. raised its stake in Kohl’s Corp. by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 12,210,081 shares of the company’s stock valued at $463,006,000 after buying an additional 1,186,640 shares during the period. Finally, Morgan Stanley raised its stake in Kohl’s Corp. by 377.9% in the third quarter. Morgan Stanley now owns 1,336,085 shares of the company’s stock valued at $58,453,000 after buying an additional 1,056,527 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
Receive News & Stock Ratings for Kohl's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's Corp. and related stocks with our FREE daily email newsletter.